|
n �. m =
<br /> � G n =
<br /> n n Z �
<br /> (� = N � \ C.0 c'� cn �
<br /> � � �( l ca o --�
<br /> � v � � c � �
<br /> •' � � —+ "i � �.
<br /> n' � � -� o
<br /> � �� � O _*1 � N
<br /> � •� � "�I � �, +
<br /> � �f �
<br /> , Z �-r� N
<br /> rn �, -� D ca O �
<br /> rn � �
<br /> „ � � r- D -� 3
<br /> � � � �
<br /> r� � �
<br /> �
<br /> 99-i�►4145 � � � �
<br /> w � � o
<br /> [Space Above This Line for Recording Data]
<br /> FHA Case No. �
<br /> State of Nebraska DEED OF TRUST 321-1981908 �,,
<br /> � �
<br /> THIS DEED OF TRUST ("Security InstrumenY') is made on April 15th , 1999
<br /> rne truscor is Elias Zammi - Galie os and Pamela S.Zama ' Hu nd and Wife As Joint
<br /> Tenants Z�1arr� pa ='Z,E Zczmarri pa � �°Bo��oWe�°�
<br /> Tne trustee is National Bank of Commerce Trust and Savings Association
<br /> ("Trustee").
<br /> The beneficiary �s The Overland National Bank of Grand Island ,
<br /> which is organized and existing under the Iaws of The United States of America , and whose address is
<br /> 304 West Third Street Grand Island. NE 68801 �°Lender"�.
<br /> Borrower owes Lender the principal sum of Fifty Nine Thousand Nine Hundred Fifty and 00/100
<br /> Dollars (u.s. $ 59,950.00 ). This debt is evidenced by Borrower's note
<br /> dat�ed the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid
<br /> eariier, due and payable on M8y 1, 2029 . This Security Instrument secures to Lender: (a) the repayment
<br /> of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of
<br /> ali other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the
<br /> performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br /> irrevocably grants and conveys to Trustee, in trust, with power of sale, the foliowing described property iocated in
<br /> H811 County; Nebraska:
<br /> A tract of land comprising all of Lots Ten (10) and Eleven (11), Block One (1), Dodd and
<br /> Marshall's Addition to the City of Wood River, Nebraska, and a part of the street right of way
<br /> lying east of and adjacent to said Lots Ten (10) and Eleven (11), said part of the street right of
<br /> way being more particularly described as follows: Beginning at the southeast corner of said Lot
<br /> Eleven (11); thence N00°00'00"E (Assumed Bearing) along and upon the easterly line of said Lots
<br /> Eleven (11) and Ten (10), a distance of One Hundred Fifty (150.0) feet to the northeast corner of
<br /> said Lot Ten (10); thence S88°16'51"E, along and upon the easterly prolongation of the northerly
<br /> line of said Lot Ten (10), a distance of Ten and Ninety Five Hundredths (10.95) feet; thence S08°
<br /> 16'21"E, a distance of One Hundred Fifty Two and Sixteen Hundredths (152.16) feet to a point on
<br /> the easterly prolongation of the southerly line of said Lot Eleven (11); thence N88°17'11"W, along
<br /> and upon the easterly prolongation of the southerly line of said Lot Eleven (11), a distance of
<br /> Thirty Three (33.0) feet to the point of beginning.
<br /> which has the address of 1314 North Walnut Wood River
<br /> �street] [c�tyl,
<br /> NE 68883 ("Property Address");
<br /> [3tate] [Zip Code]
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> foctures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All
<br /> of the foregoing is referred to in this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and
<br /> convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br /> defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> Borrower and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br /> on, the debt evidenced by the Note and late charges due under the Note.
<br /> 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower snan include in eacn monthly
<br /> payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
<br /> assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br /> premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to
<br /> the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required
<br /> if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if
<br /> this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the
<br /> monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> F5813.LM0(2/99) Page 1 of 5
<br />
|